2. GDP in 1981 was $2.96 trillion. It grew to $3.07 trillion in 1982, yet the quantity...

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2. GDP in 1981 was $2.96 trillion. It grew to $3.07 trillion in 1982, yet the quantity of output actually decreased.

How is this possible? LO 1

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The Macro Economy Today

ISBN: 377287

11th Edition

Authors: Bradley Schiller

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Question Posted: Nov 19, 2024 06:01 AM

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2. GDP in 1981 was $2.96 trillion. It grew to $3.07 trillion in 1982, yet the quantity of output actually decreased. How is this possible? LO1
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2. GDP in 1981 was $2.96 trillion. It grew to $3.07 trillion in 1982, yet the quantity...

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The Macro Economy Today

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